Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Before It’s Too Late! Best Credit Card Welcome Offers of October 2019 Oct 2nd
We usually sign up for credit cards because of special features and benefits – from cash-back earning rates to travel perks to balance transfer offers. And one feature that may make or break your decision between one credit card or another is the welcome promotion – a special bonus that add.... More »
Best of Finance Winners: The Best Credit Cards and Banking Products of 2017 + MORE Oct 24th
Before choosing a particular credit card or bank account or investment account, you likely do your research to find out which one will give you the best return based on your lifestyle and budget. And with so many products on the market, we here at RateSupermarket.ca try to make that decision-making.... More »
Are low interest rates doing more harm than good? Jul 16th
Mark Carney was oddly framed by TV cameras when he made his hasty post-Brexit address the morning after the United Kingdom voted to leave the European Union. Standing behind a lectern, but in front of an open doorway, the governor of the Bank of England appeared as though trapped inside a box. It wa.... More »
Churning Credit Cards: The Pros and Cons + MORE Oct 4th
Churning credit cards is a sport of sorts among rewards collectors, allowing some to redeem points to claim hotels and flights for next to nothing. Sounds pretty appealing – but what exactly is churning?
Churning is when you apply for multiple credit cards just to get the big signup bonuses bein.... More »
Making sense of the markets this week, October 31, 2021 Oct 30th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Scotiabank says 8 rate hikes are on the way
Scotiabank’s Derek Holt shared that we could see eight rate hikes in Canada over the next two years. That is ag.... More »
Mortgage loans, grants helping Detroit in city’s comeback
– canadianbusiness.com
DETROIT – Banks and other lending companies are making capital available to home buyers and businesses in Detroit. Some lending and grant programs have included:
— $5 million in grants pledged by Detroit-based Quicken Loans to help improve up to 65 vacant houses for auction in four west side neighbourhoods as part of the “Rehabbed and Ready” program.
— $1 million invested by JPMorgan Chase in a commercial building rehabilitation project on the city’s North End. The funding is part of the bank’s $100 million, five-year commitment to Detroit’s economic recovery.
— Bank of America is part of a program that combines a zero-down, low-interest fixed rate mortgage on new, existing, and single to four-family homes and condominiums in Detroit. Renovation funds are included in the mortgages.
— Citizens Bank is funding a total of $175,000 in micro-grants to the Eastern Market Corp. in Detroit and small businesses in southeast Michigan. The money will be used for new equipment or other items intended to help the businesses expand or become more efficient…
— $5 million in grants pledged by Detroit-based Quicken Loans to help improve up to 65 vacant houses for auction in four west side neighbourhoods as part of the “Rehabbed and Ready” program.
— $1 million invested by JPMorgan Chase in a commercial building rehabilitation project on the city’s North End. The funding is part of the bank’s $100 million, five-year commitment to Detroit’s economic recovery.
— Bank of America is part of a program that combines a zero-down, low-interest fixed rate mortgage on new, existing, and single to four-family homes and condominiums in Detroit. Renovation funds are included in the mortgages.
— Citizens Bank is funding a total of $175,000 in micro-grants to the Eastern Market Corp. in Detroit and small businesses in southeast Michigan. The money will be used for new equipment or other items intended to help the businesses expand or become more efficient…
